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COVID-19 and fossil fuels in Africa.
As the COVID-19 pandemic continues to disrupt global societies, we have seen a severe slump rin demand for fossil fuels. What will this mean for hydrocarbon producing countries in Africa?

Will the pandemic have a long-lasting impact on fossil-fuel dependent development trajectories in Africa? Or is this an opportunity for transitions towards greener economies?

The continent is well endowed with natural resources such as oil, gas and coal that hold enormous potential to accelerate its development. However, these resources are at risk of becoming stranded, as climate policies threaten to render some assets worthless before the end of their economic lifetime. As pressure mounts to keep global warming below 2◦C by moving towards low-carbon economies, Africa has to consider the implications of such a transition.

This workshop aims to explore the impact of stranded hydrocarbon assets on Africa’s development, in light of new risk factors as a result of COVID-19.

The webinar will provide a platform for participants to discuss challenges that this pandemic presents to African decision makers and the opportunities presented for a low-carbon and climate resilient growth pathway to build prosperous and more resilient societies better prepared for the bigger climate test ahead.

Speakers:

Dr. Fatima Denton - UNU Institute for Natural Resources in Africa (UNU-INRA), Director

Antonio Pedro - United Nations Economic Commission for Africa (ECA) SRO-EA, Director

Rose Mwebaza - Climate Technology Centre & Network (CTCN), Director

Senyo Hosi - Ghana Chamber of Bulk Oil Distributors, CEO

Daria Ivleva - Adelphi, Project Manager

Selam Kidane - African Group of Negotiators, Legal Advisor

James Murombedzi- United Nations Economic Commission for Africa (ECA) ACPC, Chief

Stephen Yeboah, African Development Bank (AfDB) - African Energy Portal, Policy and Research Analyst

Jul 1, 2020 11:00 AM in Universal Time UTC

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